Palm City Housing Market Report February 2025•Martin County, Florida

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Housing Prices in Palm City, FL

How much do homes in Palm City, FL cost?

Housing Market Conditions

Is Palm City, FL a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Palm City is a Buyer's Market

Difference Since February 2024

At the same time last year, Palm City was a Seller's Market.

Insight

Palm City is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$673,166$288/SqFt
+$3,666
0.5%

Based on all homes sold in the last 12 months

Insight

Homes in Palm City have sold for 0.5% more than they did a year ago.

Summary: The median home sold price in Palm City was $673,166 in February 2025, up 0.5% from last year, and the median price per square foot was $288.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Indiantown
+5.4%
Port Salerno-Hobe Sound
+3.9%
Stuart
+2.7%
Port Saint Lucie
+1.6%
Palm City
0.5%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1$185K$158K
-14.6%
2$354K$325K
-8.2%
3$627.5K$575K
-8.4%
4$975K$920K
-5.6%
5$1.1M$1.1M
+6.7%

Summary: Palm City housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes decreased by -14.6%. The home price for 2 bedroom homes decreased by -8.2%. The home price for 3 bedroom homes decreased by -8.4%. The home price for 4 bedroom homes decreased by -5.6%. The home price for 5 bedroom homes increased by +6.7%.

Housing supply in Palm City, FL

How many homes are available in Palm City, FL?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
321Last MonthFeb 2025
2662 months agoJan 2025
+20.7 %
Change MoMJan – Feb

Summary: The Palm City real estate market had 321 homes for sale in Feb 2025, a 20.7 % increase compared to Jan 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
26Last MonthFeb 2025
122 months agoJan 2025
+116.7 %
Change MoMJan – Feb

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
101
+100.0%
26067
+11.7%
3127155
+22.0%
45168
+33.3%
52830
+7.1%

Summary: Palm City housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +100.0%. The inventory for 2 bedroom homes increased by +11.7%. The inventory for 3 bedroom homes increased by +22.0%. The inventory for 4 bedroom homes increased by +33.3%. The inventory for 5 bedroom homes increased by +7.1%.

Asking Price vs. Sold Price

How much do homes in Palm City, FL cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price1 Home

At Asking Price6 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Palm City, you may be able to get a good deal. 73.1% of homes here sold below asking price last month.

Summary: A total of 26 homes were sold or pending in Palm City in February 2025, up by 116.7% month-over-month. Of the 26 sold homes, 73% were sold under asking, 23% were sold at asking, and and 4% were sold over asking.

Days on Market for Palm City, FL

How long does it take to sell a home in Palm City, FL?

Breakdown of Home Sale Times

Under 30 Days10 Homes

30 – 90 Days10 Homes

Over 90 Days6 Homes

Insight

Many homes in Palm City are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 26 homes were sold in Palm City; 38% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 23% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
57 DaysThis YearFeb 2025
62 Days1 year agoFeb 2024
-8.6 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Palm City had an average listing age of 57 days in Feb 2025, down by 8.6% compared to the previous year.

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Newest Listings in Palm City, FL

What homes are available in Palm City, FL?

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Based on information from Beaches MLS, Stellar MLS, Miami MLS, realMLS, and Indian River County MLS for the period 03/01/2023 - 03/01/2025

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Last updated on: 3/3/2025, 7:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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Last updated on: 3/3/2025, 7:19:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX © 2025 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 7:20:48 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Copyright © 2025 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by other brokerage firms are marked with the listing broker's name and detailed information about such listings. Data provided is deemed reliable but is not guaranteed. IDX information is provided exclusively for consumers personal, noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 7:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange of the Realtor Association of Indian River County. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright© 2025 Realtor Association of Indian River County. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/3/2025, 7:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.